2025 Annual Update for Not-for-Profit Accountants & Auditors
Total Credits: 6 including 3 Accounting - Technical, 3 Auditing- Technical
- Average Rating:
- Not yet rated
- Categories:
- ACPEN Industry Institute | Yellow Book | Accounting and Auditing
- Faculty:
- Melisa F. Galasso
- Course Levels:
- Update
- Duration:
- 6 Hours
- License:
- Expires 30 day(s) after program date.
Description
Stay ahead of the curve with this essential training designed for not-for-profit accountants and auditors. This course provides a comprehensive update on the latest developments impacting nonprofit financial reporting and auditing. On the accounting side, we will review the latest FASB standard-setting activities affecting NFPs, including programmatic investments and their interplay with the CECL standard. Additionally, we will explore the IFR4NPO project, a global initiative aimed at establishing universal financial reporting standards for nonprofits. Transitioning to auditing, this course covers the 2024 Yellow Book updates, the shift from quality control to quality management, and key audit matters with early adoption options. We'll also address Single Audit updates, GAO reports on improper payments and fraud, the Financial Data Transparency Act (FDTA), and recent Department of Education guidance on related parties.
Basic Course Information
Learning Objectives- Identify elements of the proposed IFR4NPO standards
- Recall the impact of recent standard setting on programmatic investments
- Identify the components of quality management
- Recall the components of quality management in the 2024 Yellow Book
- Identify changes to single audits as a result of the 2025 Compliance Supplement
- Recognize the impact of the 2024 Uniform Guidance on Single Audits
- Identify the key findings in GAO's Improper Payments: Information on Agencies' Fiscal Year 2023
- Recognize the requirements of the FDTA
- Identify the impact of the DOE's Related Party Disclosure Requirements on education audits
Major Subjects
- Not for Profit
- Auditing & Accounting
- Yellowbook
Course Materials
| IMPORTANT CPE Credit Instructions Read Before Webcast Updated 2025 (434.2 KB) | Available after Purchase | ||
Faculty
Melisa F. Galasso Related Seminars and Products
Founder and CEO
Galasso Learning Solutions LLC
Melisa Galasso is the founder and CEO of Galasso Learning Solutions LLC. A CPA with nearly 20 years of experience in the accounting profession, Melisa designs and facilitates courses in advanced technical acconting and auditing topics, including not-for-profit and governmental accounting. She also supports essential professional development, audit level training, and train the trainer efforts. Melisa is a Certified Professional in Talent Development (CPTD) and has earned the Association for Talent Development Master Trainer™ designation. Her passion for instructional design and adult learning techniques is one of the differentiators that set her apart from other CPE providers. Within the industry, Melisa serves on the FASB’s Not-for-Profit Advisory Committee (NAC), AICPA Council, and the VSCPA’s Board of Directors. She previously served on the AICPA’s Technical Issues Committee (TIC) and is a past-Chair of the NCACPA’s A&A committee. Melisa also authors the AICPA’s State and Local Government Guide and serves as a SME for the Center for Plain English Accounting.
Dates
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Fri, Jun 06, 2025 - 01:00pm to 07:00pm CDT
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Wed, Jun 18, 2025 - 09:00am to 03:00pm CDT
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Sat, Jun 28, 2025 - 10:00am to 04:00pm CDT
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Tue, Jul 15, 2025 - 01:00pm to 07:00pm CDT
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Thu, Jul 24, 2025 - 09:00am to 03:00pm CDT
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Tue, Aug 05, 2025 - 01:00pm to 07:00pm CDT
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Thu, Aug 21, 2025 - 09:00am to 03:00pm CDT
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Mon, Sep 22, 2025 - 09:00am to 03:00pm CDT
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Wed, Sep 24, 2025 - 01:00pm to 07:00pm CDT
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Mon, Oct 06, 2025 - 01:00pm to 07:00pm CDT
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Tue, Oct 28, 2025 - 09:00am to 03:00pm CDT
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Wed, Nov 12, 2025 - 01:00pm to 07:00pm CST
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Tue, Nov 18, 2025 - 09:00am to 03:00pm CST
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Mon, Dec 08, 2025 - 01:00pm to 07:00pm CST
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Wed, Dec 17, 2025 - 09:00am to 03:00pm CST
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Mon, Dec 29, 2025 - 01:00pm to 07:00pm CST
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Thu, Jan 08, 2026 - 09:00am to 03:00pm CST
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Mon, Jan 26, 2026 - 01:00pm to 07:00pm CST
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Thu, Feb 12, 2026 - 09:00am to 03:00pm CST
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Wed, Feb 18, 2026 - 01:00pm to 07:00pm CST
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Thu, Mar 05, 2026 - 09:00am to 03:00pm CST
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Tue, Mar 24, 2026 - 01:00pm to 07:00pm CDT
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Fri, Apr 03, 2026 - 09:00am to 03:00pm CDT
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Wed, Apr 22, 2026 - 01:00pm to 07:00pm CDT
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Tue, May 05, 2026 - 09:00am to 03:00pm CDT
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Thu, May 21, 2026 - 01:00pm to 07:00pm CDT
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Additional Info
Basic Course Information
Prerequisites Prior experience with nonprofit accounting and auditingAdvanced Preparation None
Designed For
Accounting Professionals
Original Recording Date 05/2025
Yellow Book Yes
Course Developer Galasso Learning Solutions
Date Added to Catalog 03/2025
Additional Information
Complaint Resolution PolicyPlease contact Anne Taylor for any complaints. anne.taylor@acpen.com, (972-377-8199).
Official Registry Statement
Business Professionals' Network, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org
Instructional Delivery Method
Group Internet Based
Course Registration Requirements
Online Registration
Refund/Cancellation Policy
Please contact the ACPEN help desk 1-877-602-9877 or help@acpen.com if you wish to cancel your attendance for a previously purchased webcast and are requesting a refund or transfer.